Products of USA Plant-Based Meat Industry
By Product segment, the market bifurcated in sausages, burgers, Patties, Nuggets, Tenders & Cutlets, Grounds, and others. Over the past decade, the plant based meat Burger has performed relatively well. This trend has benefited burger foodservice and retail industries because the ingredients strive to imitate the flavor, aroma, and texture of meat. By product type, Tofu has been considered one of the best plant-based meat dishes. Since Tofu is made from soybeans and high in calcium and protein, consumers can experience the taste of meat.
Frozen Food Drives the Plant based Meat Market
The storage technique segment in the U.S. plant-based meat market is divided into refrigerated, frozen and shelf-stable. The frozen products market share has gained remarkable popularity owing to their longer shelf life. These products usually can last for five to eight months in the freezer. The growing demand for flavorsome heat-and-eat products encourages the vendors to launch frozen meat substitutes in the U.S. market. Moreover, various factors contributing to the growth of refrigerated plant based food are meat shortage and concerns regarding the coronavirus outbreak in the meat processing facilities. United States Plant-Based Meat Industry will grow with a CAGR of 13.86% during 2020-2027.
Key Trends of Plant Based Meat in United States Cities
In Western America, there is increasing acceptance of vegetarian eating habits in fitness aware clients. Growing concerns about Greenhouse Gas (GHG), provided by the meat business and animal well-being procedures, are expected to boost the demand for plant-based meat foodstuffs. Los Angeles, Houston, and Phoenix meet demand with the highest numbers of specialty restaurants and takeaways in the country. The plant-based meat is used mainly in the Hotel, Restaurant, Café (HORECA) subdivision. Dallas is an affordable place to buy groceries for a plant-based meal - soy, pea, wheat, others. The United States Plant-Based Meat Market Size was valued at US$ 1.06 Billion in 2020.
The market studied is moderately consolidated, owing to a few prominent market players. Such as Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods), Morningstar Farms (Kellogg Company), Tyson Foods Inc. For instance, in 2021, Tyson launches plant-based sausages and burgers.
This latestreport United States Plant-Based Meat Market by Products (Burgers, Sausages,Patties, Nuggets Tenders & Cutlets, Grounds, Others) Products Types (Textured Vegetable Protein,Tofu & Tofu Ingredients, Mycoprotein, Seitan, Other Soy Products,Tempeh,Others) by Source (Soy,Wheat, Pea and others) by Storage Technique (Frozen, Refrigerated, Self-Stable) by Region (West,North Central, North East,South) Company Analysis (Beyond Meat, Maple Leaf Foods, Gardein Protein International (Pinnacle Foods), Morningstar Farms (Kellogg Company), Tyson Foods Inc.) studies the United States Plant-Based Meat Market. The report also comprises qualitative factors such as drivers, restraints, and opportunities.
Products - United States Plant Based Meat Market have been covered from 6 viewpoints
1. Burgers
2. Sausages
3. Patties
4. Nuggets Tenders & Cutlets
5. Grounds
6. Others
Products Types - United States Plant Based Meat Market have been covered from 7 viewpoints
1. Textured Vegetable Protein
2. Tofu & Tofu Ingredients
3. Mycoprotein
4. Seitan
5. Other Soy Products
6. Tempeh
7. Others
Source - United States Plant Based Meat Market have been covered from 4 viewpoints
1. Soy
2. Wheat
3. Pea
4. Others
Storage Technique - United States Plant Based Meat Market have been covered from 3 viewpoints
1. Frozen
2. Refrigerated
3. Self-Stable
Region - United States Plant Based Meat Market has been covered from 4 viewpoints
1. West
2. North Central
3. North East
4. South
Company Insights:
- Overview
- Company Initiatives
- Sales Analysis
Company Analysis:
1. Beyond Meat
2. Maple Leaf Foods
3. Gardein Protein International (Pinnacle Foods)
4. Morningstar Farms (Kellogg Company)
5. Tyson Foods Inc.
Table of Contents
Companies Mentioned
- Beyond Meat
- Maple Leaf Foods
- Gardein Protein International (Pinnacle Foods)
- Morningstar Farms (Kellogg Company)
- Tyson Foods Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | July 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 1.06 Billion |
| Forecasted Market Value ( USD | $ 2.63 Billion |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | United States |
| No. of Companies Mentioned | 5 |
